BankUnited - BKU Stock Forecast, Price & News

BankUnited, Inc. operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services. Its loans portfolio includes commercial loans, including equipment loans, secured and unsecured lines of credit, formula-based loans, owner-occupied commercial real estate term loans and lines of credit, mortgage warehouse lines, letters of credit, commercial credit cards, small business administration and U.S. department of agriculture product offerings, export-import bank financing products, trade finance, and business acquisition finance credit facilities; commercial real estate loans; residential mortgages; and other consumer loans. The company also offers online, mobile, and telephone banking services. As of December 31, 2021, it operated through a network of 63 banking centers located in 13 Florida counties; and 4 banking centers in the New York metropolitan area. The company was formerly known as BU Financial Corporation. BankUnited, Inc. was incorporated in 2009 and is headquartered in Miami Lakes, Florida.

BankUnited Stock Up 1.6 %

Shares of NYSE:BKU traded up $0.64 during trading hours on Friday, hitting $40.82. The company had a trading volume of 318,732 shares, compared to its average volume of 621,987. The stock has a market capitalization of $3.18 billion, a P/E ratio of 10.31 and a beta of 1.25. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.60. BankUnited has a 1-year low of $33.90 and a 1-year high of $46.75. The firm's 50 day moving average is $37.06 and its 200-day moving average is $40.18.

BankUnited (NYSE:BKU - Get Rating) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). The company had revenue of $238.87 million during the quarter, compared to analyst estimates of $245.42 million. BankUnited had a net margin of 32.13% and a return on equity of 12.00%. During the same period in the previous year, the company posted $1.11 EPS. On average, analysts expect that BankUnited will post 3.7 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, July 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Wednesday, July 13th. BankUnited's dividend payout ratio (DPR) is presently 25.25%.

Analyst Ratings Changes

A number of analysts recently issued reports on BKU shares. Keefe, Bruyette & Woods cut BankUnited from an "outperform" rating to a "market perform" rating and set a $51.00 target price for the company. in a research note on Thursday, June 2nd. Wells Fargo & Company upped their price target on BankUnited to $45.00 in a research report on Friday, July 22nd. Wedbush upped their price target on BankUnited to $40.00 in a research report on Friday, July 22nd. JPMorgan Chase & Co. reduced their price target on BankUnited from $43.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, July 1st. Finally, Piper Sandler upped their price target on BankUnited to $40.00 in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $45.00.

Insider Activity at BankUnited

In related news, insider Jay D. Richards sold 7,415 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $41.40, for a total value of $306,981.00. Following the sale, the insider now owns 30,973 shares in the company, valued at approximately $1,282,282.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.